Great information. You and others are motivating me to share investments and budget. It is important to show people that there are many ways to reach goals. It is not a cookie cutter process. We are all different. I am transitioning to a three bucket strategy now myself. Two years cash, three years bond, and the rest in a few index funds. I am keeping things as simple as possible.
It's a tough call on how much to share David. If I think it will help or motivate others, I usually go for it. Some people may get discouraged by the sheer amount they need invested to retire. You are so right that everyone has a different situation and I always try to remember that in my videos. Bret
I always held various mutual funds myself and never had a bond, yields that low just never made sense to me when I was younger. When I got older I kept my same mutual funds but stopped adding more money and instead invested in my business and other things outside of the market. To me it was just another form of diversification having IRA’s with stock mutual funds in one bucket, my business in one bucket, and real estate in a third bucket. Great video 👍🏼🇺🇸
I didn't mention this in my video, but I started diversifying into real estate through Fundrise, about a year before I retired. I was only able to put about $12K away. I my increase that holding in the future.
Thanks for sharing your personal investing strategy Bret. It's always good to hear what others are doing, their reasoning and so forth. I also added the Aliso Summit trail to my trail list, so thank for that as well.
Hey Financial Sombrero, you are very welcome. I'm glad you enjoyed it. I was hoping people wouldn't think I was wacky with my investing style. You will like the Aliso Summit Trail. It's pretty, relatively flat and free to park. This was my first time there and I live pretty close. Make sure you use Google Maps, because the Apple Maps sent me off in the wrong direction. Maybe one of the locals modified it. Bret
Interesting philosophy Bret, I’ve always been aggressive as well favoring stocks and shunning bonds but now that I have this 7 figure nest egg I’ve started buying more bonds to get down to 60/40. I think it’s going to be a good year too, good luck 👍
Thanks Dan, for the inspiration for this post. Yeah, I'm in the same boat. I just got to seven figures in February, and I need to start playing some defense. I am looking into Fixed Income investments now, so I will be ready next year.
Can I specifically tell my plan sponsors ( empower / vanguard) what fund to withdraw? E.g. money market fund or target fund or s&p 500 index fund? Or say I want to withdraw 4%, will it take 4% on all funds in my account?
I have Vanguard and I have setup an auto-pay each month for 5% of my entire portfolio, from one fund. Instead of taking an equal 4% from all your funds, you may want to research the Bucket Strategy to decide which investments to draw from first and then how to rebalance your buckets.
Great information. You and others are motivating me to share investments and budget. It is important to show people that there are many ways to reach goals. It is not a cookie cutter process. We are all different. I am transitioning to a three bucket strategy now myself. Two years cash, three years bond, and the rest in a few index funds. I am keeping things as simple as possible.
It's a tough call on how much to share David. If I think it will help or motivate others, I usually go for it. Some people may get discouraged by the sheer amount they need invested to retire. You are so right that everyone has a different situation and I always try to remember that in my videos. Bret
I always held various mutual funds myself and never had a bond, yields that low just never made sense to me when I was younger. When I got older I kept my same mutual funds but stopped adding more money and instead invested in my business and other things outside of the market. To me it was just another form of diversification having IRA’s with stock mutual funds in one bucket, my business in one bucket, and real estate in a third bucket.
Great video 👍🏼🇺🇸
I didn't mention this in my video, but I started diversifying into real estate through Fundrise, about a year before I retired. I was only able to put about $12K away. I my increase that holding in the future.
@@HopeToProsper nice. I typically don’t ever talk about real estate but I’m planning a video in the next couple of months.
Thanks for sharing your personal investing strategy Bret. It's always good to hear what others are doing, their reasoning and so forth. I also added the Aliso Summit trail to my trail list, so thank for that as well.
Hey Financial Sombrero, you are very welcome. I'm glad you enjoyed it. I was hoping people wouldn't think I was wacky with my investing style. You will like the Aliso Summit Trail. It's pretty, relatively flat and free to park. This was my first time there and I live pretty close. Make sure you use Google Maps, because the Apple Maps sent me off in the wrong direction. Maybe one of the locals modified it. Bret
Interesting philosophy Bret, I’ve always been aggressive as well favoring stocks and shunning bonds but now that I have this 7 figure nest egg I’ve started buying more bonds to get down to 60/40. I think it’s going to be a good year too, good luck 👍
Thanks Dan, for the inspiration for this post. Yeah, I'm in the same boat. I just got to seven figures in February, and I need to start playing some defense. I am looking into Fixed Income investments now, so I will be ready next year.
Mind is 40/60
Can I specifically tell my plan sponsors ( empower / vanguard) what fund to withdraw? E.g. money market fund or target fund or s&p 500 index fund?
Or say I want to withdraw 4%, will it take 4% on all funds in my account?
I have Vanguard and I have setup an auto-pay each month for 5% of my entire portfolio, from one fund. Instead of taking an equal 4% from all your funds, you may want to research the Bucket Strategy to decide which investments to draw from first and then how to rebalance your buckets.
Thanks that’s will help me with withdrawal strategy, like withdraw from money market on down years and etf’s on positive years